On January 15, Cheyenne Corp. sells merchandise on account to Flounder Associates for $4500 with terms 2/10, n/30. On January 20, Flounder returns merchandise worth $1100 to Cheyenne. On January 24, payment is received from Flounder for the balance due. What is the amount of cash received?
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On January 15, Cheyenne Corp. sells merchandise on account to Flounder Associates for $4500 with ter...
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